“Evidence is mounting that the US-China trade war is dealing a blow to the American stock market. Stocks plunged on Thursday after Apple (AAPL) blamed a big sales miss on slowing growth in China and rising trade tensions. China’s massive manufacturing sector… has tumbled into contraction. And trade trouble helped fuel the biggest one-month decline in US factory activity since the Great Recession.”

“China’s car market has been one of the most reliable engines of global growth for decades. Now that all might be coming to an end…. Purchases of passenger vehicles by dealerships plunged for a third straight month…. The industry is now facing the prospect of its first contraction since at least the 1990s.”